Playbook setup formed and trade executed. Simple break and retest after depletion of buyers. Aiming for at least 1:2 RR
Price has successfully closed below range and produced our classic BO setup. Profit on this setup is slightly less probable but still very possible
EJ is in a consolidation phase so we must watch our step, but thats usually when algorithmic patterns come out to play, so lets see if they will follow thru on this harmonic reaction, price also formed one of our reversal setups, followed by what could be a continuation with this break and retest
NJ and AJ seem to be the last pairs to want to join JPYs downfall, this could either mean we can expect a pullback on all JPY pairs or that its simply late to the party and still gathering volume for a bigger push up.. not sure, but decided to test this hypothesis by entering a limit buy order at the 618 which was just hit. SL used was our ATR formula for a...
In line with previous entries, GJ seems content to continue bullish push by painting a Libra Setup with momentum break out bar. Aiming for at least 1:2 RR and further liquidity sitting further above 161.500
Price has qualified for a Libra setup with entry criteria being met, USD seems to be losing strength across the board in confluence with this idea
Playbook setup: Break and Retest using aggressive Sell Stop entry after price seems to have confirmed a potential reversal in our trading timeframe
Money is trapped on either side of the range, we identify a pattern in which the probability of covering risk at 2R is likely and could be quick so it'll be tested out. The potential upside is also nice but regardless if price violates either zone, strategy should be to try to catch a retest for a trend move
With AUDJPY breaking out of range and finally showing the bullish accumulation we expected on Friday, the move could be in the works for tonights session. Price action has qualified for one of our plays so lets find out
It is an important level that we have to wait for the reaction In case of failure, the analysis level will be updated ⚠️ This Analysis will be updated ... 👤 Banipal : @hosseinbakrani 📅 02.13.2023 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Last call for UJ shorts going once, going twice... Playbook Setup: 618 Sell Limit Active Probability of Success: 50% Last entry for Asia session and it lines up with our bias from prior playbook setups (although we try to treat each and every opportunity independent of other ones). KEY POINTS - Maximum risk exposure met(3R) for ASIA so we will set SL and TP...
USDJPY looks to be lining up one of our favorite playbook setups (BOBBI) by faking the break up before potentially swinging lower for a short term reversal. If the odds are in our favor we should at least bag us twice our risk, and maybe not much more, as the big picture suggest presence of a bullish trend Probability of success 50%
Trade active. Sell stop activated at 849pm. Playbook setup ABCD/Reversal on DT Rejection. RR 1:2 Probability of success: 75%
this is my way of seeing the market in the short term, it is not financial advice, manage your risk
technology has led the market down. semiconductors have led technology. this stock has exhibited particular rate of change and other bullish volume based oscillations. bil williams ma, vwma, ema, trama as well as displaced ma are also bullish along trend lines. this leads me to a swing vased strat for continuation following the concordant supports, resistances and...
We have formed new higher high and were able to close overall week above the the recent level of support meaning we have potential to the upside. My entry Entry point: 144.550 SL:142.830 TP: letting it run What are you doing with EUR/JPY? Like and follow :)
As the Chinese economy was slowing even before the lockdowns, the strict lockdowns put a lot more pressure on the CNH/CNY. This created a huge divergence in the policies of the Fed and PBoC, as one was hiking and the other was cutting. For quite some time the USD was going up against most currencies, except the CNY... until one day the market fully reversed and...
BOJ intervened for the first time since 1998, to prop up it's the YEN, with some speculation they likely sold a lot of their massive reserves of long end (10-30 year) US T Bills to buy back the Yen. This hypothesis appears supported by the lack of short end yield movement at 4-5a, EST at time of BOJ intervention announcement late last week. Of note in this chart...